I'm not sure what the admittedly poor Spanish economy has to do with the British pound tanking yet again

I guess that is what happens when you try and print your way out of debt

Yep - that's what they want - keeps exports competitive. It's inflationary as well which is the classic way to reduce debt. It's what Spain would be doing if it could.

The bottom line is Stevie you tried to insinuate that the strength of the Euro was somehow to do with Spain doing well...when the whole world says it isn't...or you just took the opportunity to get in some more propoganda.

If the euro remains high then the PIIGS are in the mierda.

but is it truely "the strength of the Euro"?
first of all there is no reason to expect that with all the lame ducks sitting on the pond

but surely it is more a case of the £ being driven down against most currencies.
depends on what happens when the pressure is released and the £ bobs up again, how high it goes before it settles down again.

Nope.
The weakness of the pound is down to spending 200 billion+ annually on benefits (many on folk in low paid work), running a deficit that is still increasing, spending umpteen 100 billions on bailing out banks and QE measures, and having an economy that seems unable to take advantage of a currency advantage - a shame really, we could do with attracting industry back to the UK.

Hope that helps!

(as for the high Euro, it may not help, but Spain still attracted 58 million tourists and increased their exports in the last year).

Yep thats true as well

I've had to cope with a week of so-called British "experts" knocking Spain at every opportunity. Spain is really suffering but be careful, the UK numbers look terrible as well. If reality bites then lets hope that people in other countries arent as cold and arrogant as the Brits seem to be

It's easy to knock someone when they are down

...And this mornings unemployment figures for January have broken all records....up 2.7% Worse affected Madrid, Andalucía and Valencía. Another 260,000+ self-employed left the system

What's your point? All Spain's figures look bad. Well, steviewdeluxe has managed to find one or two stats that are positive, but there are hundreds that are negative

Try not to show such enthusiasm for the misfortune of others though. I find that disturbing

A view from Soros

Mr Soros said the UK was in the perfect position at present as a member of the European Union, but not a member of the eurozone.

He added austerity was the “wrong policy at this time”, but quantitative easing (QE) was the right policy: “You can only grow your way out of excessive debt. You can’t shrink your way out of it.”


However, he argued that just like the Federal Reserve in the US, the Bank is effectively devaluing its currency in order to deliberately increase exports and create growth. As the European Central Bank has stopped short of quantitative easing, so the euro will remain higher.

What do you want bad news burying

As I said before this thread has become a which country is doing worse UK or Spain. Currencies are global, the euro being high is nothing to do with Spain

Anyone who says that Spain is currently doing better than the UK economically is an idiot

What may happen in the future is up for debate

is that the nice Mr Soros who on September 16, 1992, Black Wednesday, sold short more than $10 billion in pounds, earning Soros an estimated $1.1 billion whilst the UK Treasury estimated the cost of Black Wednesday at £3.4 billion.
Also known as "the man who broke the Bank of England".
And a reported nett worth of over $22billion.

`

(as for the high Euro, it may not help, but Spain still attracted 58 million tourists and increased their exports in the last year).[/QUOTE]

Stevie please don't take it that I am not knocking any country and certainly not Spain which I hope to make my home at some point. I feel desperately for the Young Spaniards as I do for the decent youngsters in the North East of England who want to work but there is none for them.

My comments were about the strong euro against both pound and dollar surely can't be in the interest of the likes of Spain Greece etc as it surely will knock their attempts to export.

Your comment above surely relates to what happened last year when the euro weakened but what going forward should the euro continue to strengthen? as I said earlier may be ok for Germany and some others but can't see how it helps the struggling countries.

By the way I may well be missing something as I am far from clued up re currency markets etc.

I have said it before but surely we all or most on here have a vested interest in both the UK and Spain getting out of this mess.

Yes I agree. The current level of the Euro is one thing, but if the value continues to rise it will create real problems. Currently there are Spanish assembly plants planning on bringing back outsourced work to Spain, and the car companies Nissan, Ford, Renault and Volkswagen are planning big investments this year. But if the Euro continues to rise, it may put a halt to this type of thing.
As for creating work in the UK, I think the answer lies in an international approach, especially in the emerging markets like Russia, Turkey, Brazil and so on. I'm not convinced that the current govt has grasped this, nor most of its population, but that's another issue.

Here we go again...stock markets crash overworries about Spain and italy!

http://www.telegraph.co.uk/finance/m...and-Italy.html